AA 13-1 Company Analysis LO A1, P1, P2 Use Apple's financial statements in Appendix A to answer the following. Required: 1. Using fiscal 2015 as the base year, compute trend percents for fiscal years 2015, 2016, and 2017 for net sales, cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. 2. Compute common-size percents for fiscal years 2016 and 2017 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) goodwill plus acquired intangible assets, net. 3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 20172 Using fiscal 2015 as the base year, compute trend percents for fiscal years 2015, 2016, and 2017 for net sales, cost of sales, operating income, other income (expense) net, provision for Income taxes, and net Income. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) Fiscal 2016 Fiscal 2017 % % % $ % Net Sales Cost of sales Operating income Other income expense) Income taxes (provision for income taxes) Net income Fiscal 2015 % % % % % % % % % % % Compute common-size percents for fiscal years 2016 and 2017 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) goodwill plus acquired intangible assets, net. (Enter your answers in millions. Round your percentage answers to 1 decimal place.) Total current assets Property, plant and equipment, net Goodwill and other intangible assets Sep. 30, 2017 % % % Sep. 24, 2016 % % % Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2017? Apple's asset makeup become in 2017